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Raymond Gosselin Facilitates $1.26M Multifamily Sale In Arlington, MA
SOLD
$1,260,000
Massachusetts
See Similar DealsMultiFamily2,409 SF
Sold 04/24/2024
SOLD
Raymond Gosselin Facilitates $1.26M Multifamily Sale In Arlington, MA
28-30 Margaret Street
See Similar DealsMultiFamily2,409 SF
Sold 04/24/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$523
Total Square Footage:2,409 SF
Transaction Type:Sale
28-30 Margaret St in Arlington, MA, was sold for $1.26 million. The property offers 4 beds, 2 baths, and spans 2,409 sq ft. It is conveniently located near schools, parks, and the Minuteman Commuter Bike Path, with easy access to Alewife Red Line and Arlington Center.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Units: 2
- Price Per Unit: $630,000
- Square Footage: 2,409
- Price Per Square Foot: $523
- Address: 28-30 Margaret Street
- Market: Arlington, MA
The Moving Greater Boston Team from Berkshire Hathaway Homeservices Warren Residential represented the buyer in this transaction, while Raymond Gosselin from Churchill Properties represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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